Europe Commercial Property Focus Logistics: where are the opportunities? Over the next 5-10 years, we think that capital values in the European logistics sector will be strongest in Hungary, Ireland and the UK, but also above average in Russia and Germany. 30th September 2013 · 1 min read
Emerging Europe Economics Update Russia’s external debt burden not a cause for concern (yet) A recent warning from Russia’s Deputy Finance Minister has led to renewed concerns about the country’s growing burden of external debt. But while debt has risen sharply in recent quarters, we don’t... 30th September 2013 · 1 min read
Japan Data Response Industrial Production, Retail Sales (Aug.) & Manufacturing PMI (Sep.) The drop in industrial production in August is unlikely to last long. Companies predict a very strong rebound in the following months, and the manufacturing PMI climbed to a new high in September... 30th September 2013 · 1 min read
Asia Economics Weekly Time to worry about property price bubbles in Asia? Since the global financial crisis many economies in Asia have seen big increases in property prices. However, it is only in Hong Kong and parts of Taiwan that prices look to be in bubble territory and... 30th September 2013 · 1 min read
Canada Economics Weekly Household spending splurge might continue The household spending splurge that prevented what would have otherwise been a poor economic showing last quarter may have been repeated this quarter. Although higher prices of food and transportation... 30th September 2013 · 1 min read
Japan Economics Weekly Credibility at risk despite likely consumption tax hike The key event this week will be the government’s decision whether or not to raise the consumption tax as planned next April, which should be announced after the release of the Q3 Tankan survey on... 30th September 2013 · 1 min read
UK Economics Weekly Has the recovery lost its balance? With last week’s National Accounts showing a steep fall in business investment in Q2 and the current account deficit widening to a record high in the first quarter of this year, hopes for a... 30th September 2013 · 1 min read
US Economics Weekly This is no way to run a country Even if Congress can reach an agreement to renew the Federal government's spending authority before it expires this Monday, which is looking increasingly unlikely, there is a much more serious battle... 30th September 2013 · 1 min read
Europe Economics Weekly Surveys point to positive, but modest, growth in Q3 Last week’s surprise (to most people) decision by the US Federal Reserve not to “taper” its asset purchases has some near-term benefits for the euro-zone. But it does not eliminate the longer-term... 30th September 2013 · 1 min read
Middle East & North Africa Economics Update Should we be concerned about credit growth in the Gulf? Rapid credit growth in the Gulf has fuelled fears that the region is experiencing a credit binge similar to that which culminated in Dubai’s crisis in 2009. But, for now at least, we think that there... 27th September 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Aug. 13) The Land Registry house price index recorded a surprisingly weak 0.1% monthly rise in August, setting it apart from other, stronger measures. But it confirmed that London, where house price inflation... 27th September 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Sep.) September’s European Commission business and consumer survey echoed the message from other recent indicators that the euro-zone economy probably expanded again in Q3. But growth is too slow to resolve... 27th September 2013 · 1 min read
Emerging Europe Economics Update Recovery gains momentum September’s European Commission Economic Sentiment Indicators (ESIs) allow us to form an early view of how Emerging Europe has performed in Q3, and the good news is that the recovery seems to be... 27th September 2013 · 1 min read
Emerging Markets Economics Update Quick-fire reforms won’t prevent renewed taper-turbulence Suggestions that policymakers in troubled emerging markets (EM) now have a window of opportunity to reduce external vulnerabilities before the Fed begins to taper miss the point that these countries’... 27th September 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Sep. 13) With conditions in the housing market very tight, September saw another strong rise in prices of 0.9%. But the good news is that, in response to growing concerns about the pace of these gains, the... 27th September 2013 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Sep.) Consumer confidence in September rose to its highest level since October 2007. With real incomes still falling, it is too early to be sure that this will lead to sustained growth in household spending... 27th September 2013 · 1 min read
